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14-07-2020
Mathematics

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Brian invests £2300 into his bank account.
He receives 10% per year simple interest.
How much will Brian have after 2 years?
Give your answer to the nearest penny where appropriate.

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14-07-2020

Answer:

2783 pounds

Step-by-step explanation:

He has got 2300. The factor by which that is multiplied is 1,1 (+10%).

The time given is 2 years. We will calculate it by using equation:

[tex]2300*1.1^{2}[/tex]

2783

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